iShares Ethereum Trust ETF (NASDAQ:ETHA) Shares Gap Down – What’s Next?

iShares Ethereum Trust ETF (NASDAQ:ETHA)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $15.17, but opened at $14.35. iShares Ethereum Trust ETF shares last traded at $14.23, with a volume of 1,958,152 shares changing hands.

iShares Ethereum Trust ETF Stock Down 5.9 %

The firm’s fifty day moving average is $19.19 and its 200 day moving average is $21.61.

Institutional Trading of iShares Ethereum Trust ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brevan Howard Capital Management LP bought a new position in iShares Ethereum Trust ETF during the fourth quarter worth $94,155,000. D. E. Shaw & Co. Inc. bought a new position in shares of iShares Ethereum Trust ETF during the 4th quarter worth about $85,177,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of iShares Ethereum Trust ETF during the fourth quarter valued at about $65,632,000. Millennium Management LLC lifted its stake in shares of iShares Ethereum Trust ETF by 156.2% in the fourth quarter. Millennium Management LLC now owns 4,165,254 shares of the company’s stock valued at $105,339,000 after buying an additional 2,539,619 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in iShares Ethereum Trust ETF during the fourth quarter worth about $49,847,000.

About iShares Ethereum Trust ETF

The iShares Ethereum Trust ETF (ETHA) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Ether, less expenses and fees. ETHA was launched on Jul 24, 2024 and is issued by BlackRock.